Qonto, a Paris, France-based business banking solution for entrepreneurs and startups, raised €10M in its second funding.
Backers included historical investors Valar Ventures and Alven Capital.
The company is using the funds to launch the product and expand operations.
Led by Alexandre Prot, CEO, and Steve Anavi, President, Qonto provides a business banking solution featuring a checking account (French IBAN), payment cards and a mobile interface with tools to manage the activity.
For every payment by card, a notification is sent to a mobile and by email, allowing users to follow expenses in real time, and to photograph the receipt.
Each employee can follow their transactions and carry out their procedures and take steps through dedicated and secure access.